RPC, Inc. (NYSE:RES) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

RPC (NYSE:RES) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. RPC had a negative net margin of 1.15% and a negative return on equity of 1.74%. The firm had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $415.65 million. During the same period in the previous year, the business earned ($0.23) earnings per share. RPC’s revenue for the quarter was up 179.0% compared to the same quarter last year. On average, analysts expect RPC to post $0.82 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.

Shares of RPC, Inc. (RES) opened at 22.90 on Tuesday. RPC, Inc. has a 12 month low of $16.48 and a 12 month high of $25.00. The firm has a 50-day moving average of $22.36 and a 200 day moving average of $20.14. The company’s market capitalization is $4.98 billion.

A hedge fund recently raised its stake in RPC stock. The Manufacturers Life Insurance Company grew its stake in shares of RPC, Inc. (NYSE:RES) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,514 shares of the oil and gas company’s stock after buying an additional 459 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in RPC were worth $132,000 as of its most recent filing with the Securities and Exchange Commission. 38.21% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on RES shares. Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price target on shares of RPC in a report on Friday, July 21st. Barclays PLC started coverage on RPC in a report on Tuesday, September 5th. They issued an “equal weight” rating and a $19.00 price target on the stock. Morgan Stanley decreased their price target on RPC from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 21st. Zacks Investment Research cut RPC from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Cowen and Company reiterated a “hold” rating and issued a $24.00 price target on shares of RPC in a report on Friday, September 1st. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.36.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/17/rpc-inc-res-to-release-quarterly-earnings-on-tuesday.html.

About RPC

RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.

Earnings History for RPC (NYSE:RES)

Receive News & Ratings for RPC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.